EMI to axe 1,500 jobs

From the archive, first published Wednesday 31st Mar 2004.

Music group EMI today announced that it was cutting 1,500 jobs as part of a shake-up of its manufacturing operations.

The group, which has its UK head office in Hammersmith, west London, said it would reduce its headcount by about 900 in the Netherlands and the United States as it moves to contract out production of compact discs and DVDs.

EMI added that it was restructuring some of its record labels and artist roster, particularly in continental Europe.

A spokesman for the group said "a small fraction" of the job cuts would take place at its sites in the UK, but refused to say how many.

EMI said the cuts would come in its recorded music division, which has artists including Radiohead, Coldplay and Robbie Williams in its portfolio.

It said it expected to save at least £50 million per annum, of which £25 million would be delivered in the financial year ending March 31, 2005.

Wednesday March 31, 2004

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